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STR: U.S. hotels see 4 percent RevPAR increase in New Year week

ADR and occupancy also rose during the week

THE NEW YEAR started on a positive note for U.S. hotels, according to STR.

RevPAR went up 4 percent to $136.46 during the week of Dec. 29 to Jan. 4. ADR and occupancy increased 4 percent to $136.46 and 0.3 percent to 49 percent respectively.


The only double-digit jump in ADR of 16 percent to $405.95 helped Oahu Island, Hawaii, to record the largest RevPAR increase, up 22.4 percent to $369.64.

Miami/Hialeah, Florida, experienced the only double-digit increase in occupancy, up 9.9 percent to 57.8 percent and the second-largest increase in RevPAR, up 16.3 percent to $290.06.

Nashville, Tennessee, reported the second largest increase in occupancy and third-highest jump in RevPAR, up 9.9 percent to 57.8 percent and up 13.8 percent to $74.64 respectively.

New Orleans saw the steepest drop in RevPAR, down 10.8 percent to $106.86 primarily due to the largest decline in ADR, down 8 percent to $159.35.

Atlanta registered the largest decrease in occupancy, down 6.6 percent to 49.8 percent.

U.S. hotel occupancy was up 5.9 percent during the week before Christmas.

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U.S. Hotel Construction Drops to 40-Quarter Low: CoStar

CoStar: U.S. hotel construction hits 40-quarter low

Summary:

  • U.S. hotel rooms under construction fell year over year for the ninth month, CoStar reported.
  • About 137,956 rooms were under construction in September, down 12.3 percent from 2024.
  • In September, 12,746 midscale and 4,559 economy rooms were under construction.

U.S. HOTEL ROOMS under construction fell year over year for the ninth consecutive month in September, reaching the lowest level in 40 quarters, according to CoStar. Still, more rooms are under construction now than after the Great Recession.

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